Angels Place Inc

Analysis

Angels Place Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Angels Place Inc reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Angels Place Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include The National Association for Regulatory Administration ($1.5m), Ansonborough Housing Corporation ($1.5m) and Adaptive Performance Center ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $105k (9.5% of expenses). Other salaries and wages came to $517k. At year end it held assets of $3.6m against liabilities of $18k, net assets of $3.6m. It reported 19 employees.